Category: India

India’s real GDP growth is expected to be at 7.8 percent in FY19, up from 6.7 percent in FY18 even as the government may find it tough to meet its fiscal deficit target of 3.3 percent, Fitch said. India’s rating has also been kept unchanged at ‘BBB-‘, the lowest investment grade with a stable outlook […]

Lauding PM Modi for launching landmark projects in Varanasi, industry body Assocham said expanding investment in infrastructure will generate jobs, promote tourism and play catalytic role in overall growth and development of Indian economy. Assocham secretary general Uday Kumar Varma Wednesday said the government’s vision for new and improved infrastructure that can serve the nation […]

The government and Reserve Bank seem to be veering around to reach an agreeable solution particularly with respect of relaxation of the Prompt Corrective Action (PCA) framework and easing of lending norms for the MSME sector ahead of the RBI board meeting on November 19, sources said.If not in this board meeting, sources said, the […]

Prime Minister Narendra Modi said Wednesday that financial inclusion has become a reality for 1.3 billion Indians as he pitched India as a favourite destination for investment at the Fintech Festival here. Modi became the first world leader to address the festival which was launched in 2016 and is in its third edition. “Financial inclusion […]

United States President Donald Trump has complimented Indian trade negotiators as “the best” and said trade talks between the two countries were moving along. “We are trying very hard to make better trade deals with India,” he said during a White House Diwali celebration on Tuesday.Showing the trade negotiators as highly skilled and making the […]

India has emerged as one of the biggest ‘improvers’ in the World Bank’s Ease of Doing Business index with the leap of 23 spots to rank at 77 this year, from 100 last year, among 190 countries. However, Laveesh Bhandari – an economist and head of Indicus Foundation – wrote in The Indian Express today […]

Chinese Premier Li Keqiang said on Monday Beijing will further open up its economy in the face of rising protectionism, as he headed for meetings with Asia-Pacific leaders in Singapore that are expected to focus on trade tensions.Li’s remarks in an article in Singapore’s Straits Times newspaper, ahead of his arrival in the city-state later […]

Prime Minister Narendra Modi is scheduled to deliver a keynote address at the Singapore Fintech Summit. According to a Hindustan Times report, Modi will be the first head of government to address the Fintech festival on November 14. He will focus on India’s financial inclusion story and demonetisation of 2016. PM Modi is also expected […]

U.S. stocks plunged again on Wednesday, confirming a correction for the Nasdaq and erasing the Dow and S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit growth.The Nasdaq closed down 12.4 percent from its Aug. 29 record closing high, falling 4.4 percent […]

The Indian growth story has been far from perfect. That is not an understatement by any stretch of imagination. A growing challenge for the economy is the fast-evolving problem of inequality.Most recently, James Crabtree in his latest book, “The Billionaire Raj”, claims that “India is one of the world’s most unequal countries.” His claim is […]